FTX, a leading firm in cryptocurrency, filed for bankruptcy only days after being valued as a $32 billion company. CNBC’s Kate Rooney explains how a competitor, internal financial issues and a run on the bank led to what’s being called the next Enron scandal.
» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
» Watch more NBC video: http://bit.ly/MoreNBCNews
NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows.
Connect with NBC News Online!
NBC News App: https://smart.link/5d0cd9df61b80
Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621
Visit NBCNews.Com: http://nbcnews.to/ReadNBC
Find NBC News on Facebook: http://nbcnews.to/LikeNBC
Follow NBC News on Twitter: http://nbcnews.to/FollowNBC
#FTX #crypto #bankruptcy
source
Always< a great breakdown. I've learned so much from this channel following along with the chart analysis. Gotta remember that this time around the pump we had was not as big as other times. So the drop may not be as bad this time around too. It would make sense as well. That being said, I was able to raise 16 btc from day-trade with Kennet Gibbs in few weeks,so thank you for the info.
luckily cz binance back off from the deal if not it will the one that face bankruptcy cause suddenly have to hold worthless asset and huge obligation to ftx debtors.its truly what michael saylor said,sbf was a wolf of wall street
Someone needed to fund the democrat party
Nbc is enablers
My life is totally changed because I've been earning $43k returns from my $9,500 investment
Did they fund anybody in the election?
Democrats 2nd largest donor just under Soros
“Keep em’, cryptocurrency is a bubble” – Lester crest (GTA Online: the Doomsday heist: the data breaches act finale)
Same tribe running US financial system
FTX was being run my this tribe.
The news is so far behind youtubers… it's pathetic.
I'm no longer waiting for the GRANT LOAN because I earn $56,700 every 21days recently
all duped re-tards are funny
Sounds very much like a pyramid scam.
Jesus is coming soon! Luke 21:36
1 Thessalonians 5:9, Romans 5:9, Revelation 3:10, 1 Thessalonians 1:10, Hebrews 9:28, TItus 2:13
1 Corinthians 15:1-4 KJV
15 Moreover, brethren, I declare unto you the gospel which I preached unto you, which also ye have received, and wherein ye stand;
2 By which also ye are saved, if ye keep in memory what I preached unto you, unless ye have believed in vain.
3 For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures;
4 And that he was buried, and that he rose again the third day according to the scriptures:
Ephesians 2:8-9 KJV
8 For by grace are ye saved through faith; and that not of yourselves: it is the gift of God:
9 Not of works, lest any man should boast.
But you are not gonna bring up the DNC-Ukraine-Biden-Obama-Agency Head connections are you?
And I am sure thus story will completely be off your radar by end of tomorrow.
People in the comments need more education on the space or just more education in general.
Why would you take dollars guaranteed to have value by the US government and give them to someone for something that doesn't exist, only has value until people want real money for it that actually exists, and you can't even walk into a store and buy a cup of coffee with bit coin?
Bank Man!
Is that even his real name?
He sure "fried" their money.
Indonesia dumps brandum and it's puppets
zero oversight, criminal activities, no actual backing, like gold, silver or platinum. this is what happens when you make up a currency out of thin air and have nothing to back it up, a new crypto currency everyday, why not, no regulation and alot of suckers willing to buy a bridge to no where. w. c. fields…… there is a sucker born every minute…… crypto is a big bridge that you will buy, pure stupid.
Did I tell you the story about tulips?
Fake money goes bye bye, why are you shocked? The only thing dumber than putting your real money into crypto is then putting it on an exchange.
Normal currency is not based on much these days. Cryptocurrency is based on even less. The more con men there , the more suckers there seems to be.
How to make a million dollars investing in Crypto? Spend 3 million.
YES! That is a Great WIN!
Thanks
ps: no thanks. we lose more money…((
Crypto = Bitcoin = Ponzi.
I rather invest in etherum and bitcoin .. whoever invested in ftx is crazy
Yeah the bubble burst on their corporate genesis..
When conmen are empowered just as a former president.
This is why when you invest, you don't put it in a company…
Don’t forget Sam BankMAN F sat at hearings to discuss future regulation at the total disapproval of true crypto creators and advocates. So that was with Gary Gensler of the SEC who it turns out has connections to the real villain at FTX, who ran a huge poker scam years ago too, along with SBF. So this was more than discussed here. He was getting a free pass with FTX that no other exchanges would get. Fishy ….. now will Gary Resign? Regulate and allow security for people. Crypto is the future for many reasons. True followers know Solana was built by billionaires for billionaires.
This is one of the reasons I don't "invest" in crypto-currency.
WHO KNEW … WAKE UP AMERICA.
Firing squad! Aim
The best time to load up just like during the housing market crash or financial crash. The smart investors will buy the low prices tokens like LUNAGENS $LUNG for the gain during the bull market. People who buy or ape in when the prices are rising won’t be making much.
New York boom 🚀🚀🚀 😁😁😁
dude belongs in prison
I love how the pundits act like it was a legit business that had an unfortunate turn.
more to it, ask gary gensler
word is Ukrainian borrowed funds was invested and totally lost! Let that one sink in for a minute.
You can't eat crypto